ASTT Asat Hldg Ltd American Dep (MM)

MILPITAS, Calif. and HONG KONG, Nov. 2 /PRNewswire-FirstCall/ -- ASAT Holdings Limited (NASDAQ:ASTT) (the "Company" or "ASAT"), a global provider of semiconductor package design, assembly and test services, today announced that it has scheduled its 2007 annual meeting of shareholders for Thursday, December 13, 2007, at 10:00 a.m. China Standard Time. The meeting will be held at the Company's Dongguan Factory in China, which is located in the Zhen An Hi-Tech Industrial Park on Zhen An Road in Chang An Town, Dongguan City, Guangdong Province, 523850, People's Republic of China. (Logo: http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO) Shareholders of record at the close of business on November 6, 2007, will receive a copy of the definitive proxy statement. In accordance with the Securities and Exchange Commission's new Notice and Access rule, the Company will not mail its Annual Report, instead making it available online no later than November 15, 2007, at http://www.asat.com/investor/annual.php. ASAT will furnish a hardcopy of the Annual Report, once available, free of charge and within a reasonable time to any shareholder who requests one. Please contact Ed Varga at (866) 405-0393 or e-mail your request to . About ASAT Holdings Limited ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 18 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today the Company has operations in the United States, Asia and Europe. For more information, visit http://www.asat.com/. Safe Harbor Statement This news release contains statements and information that involve risks, uncertainties and assumptions. These statements and information constitute "forward-looking statements" within the meaning of federal securities laws including Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that could cause the actual performance, financial condition or results of operations of the Company to differ materially from those expressed or implied in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those contained in these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy, the need for additional funding and the risk that financing may not be obtained, our progress in ramping our new China facility, acceptance and demand for the Company's products and services, operational and technological risks and revisions to the preliminary unaudited financial results which may occur during preparation of financial statements and disclosures. The risks, uncertainties and other factors also include, among others, our ability to successfully implement our diversification strategy and our long-term growth strategy, our ability to continue to realize operational efficiencies and improvements to our cost structure, our ability to obtain additional new financing, the possible delisting of the Company's securities from Nasdaq, and those risks, uncertainties, assumptions and other factors stated in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on October 15, 2007 and the section entitled "Risk Factors" in our quarterly reports on Form 6-K filed with the United States Securities and Exchange Commission. The forward-looking statements in this release reflect the current beliefs and expectations of the Company as of this date, and the Company undertakes no obligation to update these projections and forward-looking statements to reflect actual results or events or circumstances that occur after the date of this news release. http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO http://photoarchive.ap.org/ DATASOURCE: ASAT Holdings Limited CONTACT: Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400, , for ASAT Holdings Limited Web site: http://www.asat.com/

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